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Search Results 0 to 8 of about 9 (some duplicates have been removed)
closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r
boehner doesn't have the leverage he used to have. on a conference call he told house republicans they had to avoid the nasty showdowns that mark so much of the last two years. senate republican leader mitch mcconnell was the number one obstructionist in the president's first term. now he tells "the wall street journal" he'll do whatever it takes to get a deal. i'd be willing to pay the ransom if e we thought we were going to get the hostage out. but the hostage is what? entitlement spending. mcconnell's intention, he's willing to agree to a dollar of new taxes for every dollar in cuts. what a difference an election makes. >> i'm going to ask a question on the stage. they seau had a real spending cuts deal, 10 to 1. spending cuts to tax increases. speaker, you're already shaking your head. but who on this stage would walk away from that deal? would you raise your hand about not raising taxes. you'd walk away on the 10-1 deal? [ applause ] >> all right. just to bring everybody up to speed, remember in 2011, republicans would not take a 10 to 1 tax cut deal. now today mitch mcconnell is will
boehner, who have already openly said, no increases in tax rates? >> well, you have to splinter off some republicans, in the senate it will be easier because you just have to get to 60. you might pass the december 31st deadline where you have a few more democrats in the senate. but the problem is always going to be the house. i think there may be a bargain in the -- in the side of coming to republicans and saying, here are cuts. but the price of those cuts will be that 2%. republicans will face a very tough choice in just a very short time. are they the ones that are going to be responsible for giving 98% of americans tax hikes? do the republicans want to be known as the party that raised your taxes for everybody but 2%? >> right. and i think, martin -- >> so, the 2% solution may be a noose around the republicans' neck. >> i think the republicans have little leverage. not just for that reason but a couple of other reasons. if you consider the fact that taxes are at 15% of gdp, spending is at 24%, even the paul ryan budget proposes we only reduce spending to 20% of gdp. that means five pe
. >> is that the big onus on john boehner? >> i think it is the onus on all of the negotiators. it's all of them at this point. because that's where the spotlight is. yeah. it's going to be quite a task. we saw that when this happened the last time. it's going to come right up to the line. i think we might be here late december. >> the drama will take us through the end of the year. our power panel, jackie kucinich, blake, robert, thanks to all three of you. >>> up next i'll talk with someone who was in this morning's closed door hearing with general petraeus, republican congressman tom rooney will join the show. what do you think about today's testimony? tweet me your comments at thomas a. roberts. we're back after this. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunc
the microphone with pelosi and with reid and boehner at the side saying that revenue is on the table, but when the talks ramp back up after thanksgiving, is this an issue to be real negotiation or dig-in time? >> i hope it is time for a negotiation. look, if there is one thing that we learned from the president's campaign, he promised to raise taxes on the wealthy. and here is a news flash to the republicans out there, elections have consequences, and that is what he wants to do, and i'm sure he is going to accomplish some of that, but on either side when you dig in before the negotiations start, not only does it look bad, it makes the markets go up and down, and it creates instability, and insecurity among the people out here in the country feeling the pain and the brunt of some of the economic policies and the fact of the matter is that both sides need to come into it with some level of give and take, and that is how you govern and get it done, and if the president is going to ak kccomplish the polis that he did in first term that he promised in the second, he is going to have to get some of
Search Results 0 to 8 of about 9 (some duplicates have been removed)